9 N.M. 143 | N.M. | 1897
Appellees, under the firm name of Witt Brothers, brought in the district.court of Eddy county their bill for foreclosure of a chattel mortgage against appellants as partners doing business under the firm name of L. Eamnez & Co. In addition to an answer, to which replication was filed, appellants filed their cross bill praying for a rescission of the contract upon which the note and mortgage were founded, and for said note and mortgage to be delivered up for cancellation. The cause was referred to an examiner to take the proofs, and report the same to the court. After the testimony taken was filed, an order was made referring the proofs to a special master to report his findings of fact and conclusions of law thereon. The master reported, recommending that the contract be rescinded, and the note and mortgage delivered up for cancellation. Exceptions were filed by appellees, and the chancellor sustained same, finding that the master’s conclusions of law were erroneous. Decree was thereupon rendered in favor of appellees for the full amount of the note and interest, for solicitor’s fees, and for expense in and about the caring for the property covered by the decree of foreclosure. Erom this decree an appeal is taken. The transcript of the record contains the pleadings, orders, report of master, and decree, but not the proofs taken in the case; the appellants contending that, if more is needed to a proper review of the case, it was the option of the appellants to bring it here. Appellees requested that certiorari issue from this .court at the cost of appellants, but, solicitor for appellants resisting, this was denied, and the cause was argued without the testimony upon which the report of the master purported to be based. After the submission of the cause to the court, appellants’ solicitor produced in court the original of the report-made by the examiner, but it was declined, and ordered to be returned to the custody of the clerk of the district court held in and for the county of Eddy.
In this case it appears that the decree expressly overrules the master’s conclusions of law, and this should be taken by fair implication to be an approval of his findings of fact. If the decree had been general in form, there would be nothing, here for us to consider, as it is not contended that the pleadings do not authorize the decree. We will look, therefore, to the master’s findings of fact, to see whether or not there should have been a decree for appellees. The theory of the decree appears to be that a “verbal promise made by the complainants prior to the time of the execution of said mortgage” is not “a good defense to this suit.” This verbal promise was, as we gather from the report, that the appellees agreed, and it was the main inducement to the trade, that in consideration of the purchase by appellants of the cows, horses, and implements used in running the dairy business carried on by appellees in the town of Eddy, the appellees would cease to carry on such business in said town. The fact is also found that they continued, notwithstanding such promise, to carry on such business in said town, and that appellants promptly returned the property purchased to appellees, notifying them of a rescission of the contract because of their “engaging in the dairy business in the town of Eddy.” The chancellor held, in effect, that the contract was not rescindable because of this representation of appellees. The general principle laid down in Delaine Co. v. James, 94 U. S. 207, is that “cancel-ling an executed contract is an exertion of the most extraordinary power of a court of equity, and the power ought not to be exercised except in a clear case, and never for an alleged fraud, unless the fraud be made clearly to appear; never for alleged false representations, unless their falsity is certainly proved, and unless the complainant has been deceived and injured by them.” There is no finding of fact directly upon the question of injury to the appellants, and it would appear, therefore, that one of the elements for a case of rescission has not been made out. We, however, do not put our conclusion on so narrow a ground. The representations in this case were not as to any matter in praesenti, but related only to the performance of a promise in the future; and there is no specific finding that the promise was deceitfully or fraudulently made with no intention at the time of performing it. The master does, in his citation of authority for his conclusions of law, speak of “a sale effected by deception,” and'“representations and promises which are fraudulent;” but this is the argumentative part of his report, and it hardly can be called a finding of fact sufficient to overcome the presumption of correctness of the decree, if in law even such result should follow. There is no authority' that the research of counsel or ourselves has produced going to the extent of holding that a promise of this kind, honestly made, but afterwards not performed, avoids a contract of sale. In Railway Co. v. Titterington (Tex. Sup.) 19 S. W. 472, it was held that where a railroad company promised, in consideration of the grant of right of way, that it would construct and maintain a station on the land granted, the deed could be canceled if the promise was made with intent to deceive, if there was no compliance, but not if there was noncompliance without such intent. That court says, however, in its opinion, that the authorities are variant on the former proposition. In other cases the Texas court announces the general principle to be that such a promise would not be ground for cancellation, but the party must resort to his action for damages. Moore v. Cross, 29 S. W. 1051, and Meyer v. Swift, 11 S. W. 378. To the same effect as this are the cases of Tufts v. Weinfeld (Wis.) 60 N. W. 992; Store-Service Co. v. Conyngham (Com. Pl.) 32 N. Y. Supp. 129; Day v. Improvement Co. (Ill. Sup.) 38 N. E. 567. The following eases seem to say the misrepresentation must be of a fact at the time or previously existing, and not a mere promise for the future, and this without respect to its being fraudulently or honestly made, to wit: Fenwick v. Grimes, 5 Cranch, C. C. 439, Fed. Cas. No. 4,733; Long v. Woodman, 58 Me. 49; Burt v. Bowles, 69 Ind. 1; while in Connecticut, Mississippi, Illinois, and perhaps other states, fraud at the time of making the representation is taken into account. It is unnecessary for us to determine which of the two lines support the better rule, as both agree that where there was no fraud at the time the sale is not rescindable; and there being no express findings that the misrepresentation was fraudulently made, “a trade intelligently made, where no fiduciary relation exists, will not be rescinded on the ground of fraudulent representations, except on clear and convincing proof.” Breemersch v. Linn (Mich.), 59 N. W. 406. There being nothing in the findings of fact by Implication approved by the chancellor to militate against the correctness of the decree of the lower court, it should be affirmed, apd a decree will accordingly be entered in this court directing the said district court to proceed in conformity herewith, with the costs of this appeal to be taxed in the court below against appellants; and after the sale of the property, if any deficiency arises, a decree therefor will be entered, together with said costs, against appellants and the sureties on their appeal bond; this case being hereby in all respects affirmed.